Turkey: Market for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over 500 kVA 2024

Market Size for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over 500 kVA in Turkey

The Turkish market for electrical transformers with non-liquid dielectric, of power handling capacity over X kVA reduced to $X in 2022, waning by -9.9% against the previous year. In general, consumption, however, saw strong growth. As a result, consumption reached the peak level of $X, and then reduced in the following year.

Production of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over X kVA in Turkey

In value terms, production of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA contracted modestly to $X in 2022 estimated in export price. Overall, production showed a noticeable reduction. The pace of growth was the most pronounced in 2015 with an increase of 30%. As a result, production reached the peak level of $X. From 2016 to 2022, production of growth remained at a somewhat lower figure.

Exports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over 500 kVA

Exports from Turkey

For the third year in a row, Turkey recorded growth in overseas shipments of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA, which increased by 12% to X units in 2022. Overall, exports, however, recorded a deep reduction. The pace of growth was the most pronounced in 2018 when exports increased by 260% against the previous year. Over the period under review, the exports of reached the maximum at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, exports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA skyrocketed to $X in 2022. In general, exports, however, showed a slight reduction. The pace of growth appeared the most rapid in 2021 when exports increased by 31% against the previous year. Over the period under review, the exports of reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Romania (X units) was the main destination for exports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA from Turkey, accounting for a 15% share of total exports. Moreover, exports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA to Romania exceeded the volume sent to the second major destination, Iraq (X units), twofold. Senegal (X units) ranked third in terms of total exports with a 6.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Romania stood at +59.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iraq (-10.1% per year) and Senegal (+56.7% per year).

In value terms, the largest markets for electrical transformers with non-liquid dielectric, of power handling capacity over X kVA exported from Turkey were Romania ($X), Uzbekistan ($X) and Italy ($X), together comprising 27% of total exports. Iraq, the Netherlands, Poland, South Africa, Senegal, Germany, Russia, Liberia, Mali and Nigeria lagged somewhat behind, together accounting for a further 35%.

Senegal, with a CAGR of +126.5%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for electrical transformers with non-liquid dielectric, of power handling capacity over X kVA amounted to $X per unit, with an increase of 6.5% against the previous year. Over the period under review, the export price saw strong growth. The pace of growth was the most pronounced in 2019 when the average export price increased by 115%. Over the period under review, the average export prices hit record highs at $X per unit in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per unit), while the average price for exports to Mali ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Uzbekistan (+24.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over 500 kVA

Imports into Turkey

In 2022, purchases abroad of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA increased by 39% to X units, rising for the third year in a row after three years of decline. Overall, imports, however, showed a perceptible decline. The growth pace was the most rapid in 2016 when imports increased by 71% against the previous year. As a result, imports reached the peak of X units. From 2017 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA expanded notably to $X in 2022. Over the period under review, imports, however, continue to indicate a slight descent. The pace of growth was the most pronounced in 2020 when imports increased by 179% against the previous year. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports of remained at a lower figure.

Imports by Country

In 2022, Spain (X units) constituted the largest electrical transformers with non-liquid dielectric, of power handling capacity over X kVA supplier to Turkey, accounting for a 30% share of total imports. Moreover, imports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA from Spain exceeded the figures recorded by the second-largest supplier, Italy (X units), twofold. The third position in this ranking was taken by Hungary (X units), with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain stood at -8.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-2.5% per year) and Hungary (+3.6% per year).

In value terms, the largest electrical transformers with non-liquid dielectric, of power handling capacity over X kVA suppliers to Turkey were Spain ($X), Italy ($X) and Germany ($X), with a combined 59% share of total imports.

In terms of the main suppliers, Germany, with a CAGR of +11.1%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for electrical transformers with non-liquid dielectric, of power handling capacity over X kVA amounted to $X per unit, shrinking by -23.8% against the previous year. Over the period under review, the import price, however, continues to indicate modest growth. The growth pace was the most rapid in 2020 when the average import price increased by 171%. As a result, import price reached the peak level of $X per unit. From 2021 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per unit), while the price for Azerbaijan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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